Foreign Home Buyers

The Australian Government understands the importance of foreign investment in Australia and its significant contribution to economic activity. However, Foreign Investment Review Board approval or notification is needed for most property purchases UNLESS you purchase in areas that are currently FIRB exempt such those in certain Integrated Tourism Resorts.

East Coast Buyers Agents specialise in three of these locations including :

Hope Island Resort – Hope Island. Queensland

Sanctuary Cove Resort – Sanctuary Cove. Queensland

Hyatt Regency Resort – Coolum, Queensland

Foreign non-residents or short term visa holders may invest in Australian real estate by acquiring new dwellings, off-the-plan properties under construction or yet to be built, or vacant land for development

Foreign non-residents or short term visa holders cannot buy established (secondhand) dwellings unless it is for redevelopment. Refer to the Foreign Investment Review Board (FIRB) website for detailed information www.firb.gov.au.